Equitable Distribution Appraisals

Because the purpose of this type of appraisal is to separate assets in an equitable manner, as in the case of divorce, appraisers determine the marketable cash value of the personal property. This is the amount of money one would receive after the sale of personal property when all the costs of the sale are deducted. The appraiser begins by assessing the fair market value of a work of art and then she deducts any buyer’s premium from auction sales (which typically goes to the auction house) and additional costs such as shipping and taxes.